Niger Pays over N10bn to Pensioners in Four Years via thisdaylive
The Niger State government has spent over N10 billion on the payment of pensions and gratuities to retirees in the last four years, the Director General of the state Pension Board, Alhaji Usman Tinau Mohammed, said in Minna on Monday.
The director general said following the migration of 6,280 retirees from the Contributory Pension Scheme to the old pension scheme in line with the amendment carried out in the state Pension Act by the House of Assembly, nearly N800 million is now being paid monthly. Mohammed explained that before the law and the migration, government was spending about N200 million on the payment of pension before it now increased to N800 million monthly.
Despite the huge amount committed to the payment of pensions and gratuities, the director general said government has been up to date in the payment to all its retirees, adding that the Board had commenced the payment of death gratuities to relations of deceased civil servants.
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